Financial targets and dividend policy

The strategic period focuses on restoring profitability, maintaining a strong financial position, and setting the course toward profitable growth.

The financial targets and dividend policy support the long‑term development of the business and the creation of shareholder value.

Financial targets for 2026–2030:

  • Annual revenue growth (CAGR) of over 4% in the Consumer Packaging business 
  • Comparable return on capital employed (ROCE): at least 8% in 2027–2028 and at least 12% from 2029 onwards
  • Net debt to comparable EBITDA: maximum of 2.5 

Comparable ROCE

31.12.2025

Net debt per comparable EBITDA

31.12.2025

Dividend policy: Metsä Board's target is to distribute a dividend of at least half of the result for the financial period over time, taking into account the company's future investment and development needs. 

See dividend distribution in past 10 years in here.

Dividend payout ratio